Escrow & Title
Vermont real estate closings are typically 'table fundings,' meaning:
AThe deed is signed at a round table
BAll parties sign documents and the lender funds the loan at or near the time of closing, with disbursements happening at or shortly after the closing table✓ Correct
CFunds are held in escrow for 30 days after closing
DThe closing occurs at the buyer's bank
Explanation
Vermont follows an attorney-conducted 'table funding' model where the closing attorney coordinates all parties at closing, facilitates signing of all documents, confirms the lender's wire transfer, and disburses funds at or shortly after closing. This is different from the escrow-based model used in western states.
Related Vermont Escrow & Title Questions
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